Glencore Xstrata writes down $7.7bn in assets

Newly-formed mining giant Glencore Xstrata has written down the value of Xstrata’s assets by $7.7bn (£4.9bn), and reported a drop in revenues. The firm, which was created in May, said the write-down reflected tougher conditions in the mining sector. Revenues in...

Will Old King Coal continue to be a merry old soul?

Old King Coal has benefited from a run of good luck these past few years. First came the fabulous boom years of the first decade of this century. The Copenhagen climate talks loomed like a black cloud over the sector for a while, but dissipated without so much as a...